The average Chinese worker puts in somewhere between 2,000 and 2,200 hours each year, Wang Qi, a researcher at Beijing Normal University, told the Wall Street Journal last year.
Australia and New Zealand risk losing a global arms race for big-spending Chinese holidaymakers unless they improve their services and infrastructure, jeopardizing hopes that tourism will fill the economic hole left by the commodities downturn.
When China’s new leaders, President Xi Jinping and Premier Li Keqiang, came into power in November 2013, they denounced the previous leadership’s formula for producing growth. They were right to do so — this formula relied on export of cheap goods and government investment for growth, and benefited state-owned enterprises at the cost of private companies and consumers. The new leadership declared that it was going to let the market play a decisive role in the economy, but now they are turni…
There are many good reasons to be spooked about economic stability in China—but the performance of its markets isn’t one of them.
Growth in China's investment and factory output in August has come in below forecasts, in a further indication that the world's second-largest economy is losing steam.
When China devalued its currency starting Aug. 11, the financial world trembled. Although the central bank was quick to point out that the devaluation wasn’t aimed at aiding China’s beleaguered exporters and wasn’t the start of a long-term slide in the currency, many investors were skeptical.
The global turbulence triggered by China’s stock market crash should not obscure a greater truth: policy shifts in Beijing are positive for developed economies. Investors should look to buy US equities, in particular on the dip.
As young Chinese become wealthier, they have taken to Paris the national tradition of having wedding photos taken in advance for display on the big day. An industry banking on the city's romantic image has grown up around the trend.
After decades of explosive growth fueled by cheap exports, China's economic slowdown is taking a toll on factory workers who've found themselves left behind.
As Xi Jinping presides over thousands of goose-stepping troops marching down Beijing’s Changan Avenue -- or “Eternal Peace Street” -- on Thursday, the Chinese president will also proclaim his commitment to the world’s peaceful development.
Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future.
There has never been an economic story like China's - consistent rises in national income for 30 years at an annual rate of 10%, hundreds of millions of Chinese people lifted out of poverty, and expansion that took it from almost nowhere to become the world's second biggest economy, contributing 15% of global GDP and 25% of global GDP growth.
On Wednesday night, twin explosions convulsed the northeastern Chinese metropolis of Tianjin, taking more than a hundred lives, injuring some seven hundred people, and leaving still more missing. The most unsettling detail that emerged about the origin of the blasts was perhaps not so much what had sparked them—hazardous chemicals—as the fact that they had taken place at a logistics facility specifically licensed to handle such goods. The warehouse, operated by Ruihai International Logistics…
Did Disney's fictional snow queen of Arendelle help Beijing win its bid to host the 2022 Winter Olympics?
Sometimes, Chinese policy making seems to tug the economy in different directions.
In a region where many of the wounds from World War II are still raw, China’s plans for a giant parade to celebrate the 70th anniversary of its victory are creating diplomatic and political dilemmas for the United States and its allies in the region.
The nearly 9% fall in the Chinese stock market on Monday has raised concerns about a hard landing in the world's second largest economy. Beijing is working hard to avoid economic pain in a slowing economy.
A move to widen the yuan's trading band is Beijing's latest step towards financial liberalization but analysts warn that it may trigger renewed volatility and further damage market sentiment.
If you’re living in China and have the vague impression that the skies have been bluer than usual this year, it’s not just wishful thinking.
When Ang Lee’s film Lust, Caution came out in China in 2007, seven minutes of its infamous sex scenes were cut. The reason? They violated China’s obscenity laws. The Chinese population were not content. In response, they downloaded the original from pirate sites, to such an extent that headlines warned of computer viruses embedded in many of the sites that offered the film. Those living in southern China even crossed the border into Hong Kong to see the full-fat version. The people had spok…